Prepare Landlord ProfileScenario:As the junior property manager at Fantasy Glen Real Estate, Kate has asked you to prepare a profile for a prospective landlord client, Mrs. Kate Brown. The purpose of the profile is to determine Mrs Brown's expectations of property managers, any particular communications styles she prefers, and some basic details of the property, including her expectations of rent she may be able to ask.Details:The fictitious address for this task is 28 Angel Street, Carindale. It is a freestanding house with three bedrooms, one bathroom and a large garage.After speaking to Mrs. Brown on the phone, you have discovered that the reason Mrs. Brown is considering leasing the house is that she is moving interstate for work. Until then, it was her primary residence. It is well kept, and Mrs. Brown expects to move back into the property once she returns to Queensland in two years. It is her only property asset, and she is nervous about the property being rented out. As she is worried about putting her property on the rental market, she wants to be kept informed of everything going on.She understands from her research that similar properties in her area are being rented for around $550 per week, but wants an assessment as to whether this is reasonable.
Question
Prepare Landlord ProfileScenario:As the junior property manager at Fantasy Glen Real Estate, Kate has asked you to prepare a profile for a prospective landlord client, Mrs. Kate Brown. The purpose of the profile is to determine Mrs Brown's expectations of property managers, any particular communications styles she prefers, and some basic details of the property, including her expectations of rent she may be able to ask.Details:The fictitious address for this task is 28 Angel Street, Carindale. It is a freestanding house with three bedrooms, one bathroom and a large garage.After speaking to Mrs. Brown on the phone, you have discovered that the reason Mrs. Brown is considering leasing the house is that she is moving interstate for work. Until then, it was her primary residence. It is well kept, and Mrs. Brown expects to move back into the property once she returns to Queensland in two years. It is her only property asset, and she is nervous about the property being rented out. As she is worried about putting her property on the rental market, she wants to be kept informed of everything going on.She understands from her research that similar properties in her area are being rented for around $550 per week, but wants an assessment as to whether this is reasonable.
Solution
Step 1: Gather Information
The first step in preparing a landlord profile for Mrs. Kate Brown is to gather all the necessary information. This includes her expectations of property managers, her preferred communication style, and the basic details of her property.
Step 2: Understand Expectations
From the conversation with Mrs. Brown, it is clear that she is nervous about renting out her property and wants to be kept informed about everything. As a property manager, it is important to understand and respect these expectations.
Step 3: Property Details
The property in question is located at 28 Angel Street, Carindale. It is a freestanding house with three bedrooms, one bathroom, and a large garage. It was Mrs. Brown's primary residence before she decided to move interstate for work.
Step 4: Rental Expectations
Mrs. Brown expects to rent out her property for around $550 per week, based on her research of similar properties in the area. However, she wants an assessment to confirm if this is a reasonable expectation.
Step 5: Prepare Profile
With all this information, you can now prepare a comprehensive landlord profile for Mrs. Brown. This profile should include all the information gathered, along with an assessment of the expected rent for her property.
Step 6: Communication
Once the profile is prepared, it should be communicated to Mrs. Brown in a manner that she prefers. Since she wants to be kept informed about everything, regular updates should be provided to her.
Step 7: Follow-up
After the profile has been communicated, a follow-up should be done to ensure that Mrs. Brown is satisfied with the information provided and to address any concerns she may have.
Similar Questions
Following the appraisal of Mrs. Brown’s property, she has indicated that she would like to proceed with your agency. Mrs Brown would like you to advise her of your communication strategy and schedule that you plan to implement.This question can be answered in dot point, or in paragraph format (estimate 600 word response). You are permitted to make reasonable assumptions based on the processes / procedures of the fictitious agency that you work for.Ensure your response covers all of the below:The frequency of communicationWhat and how you will communicate in relation to repairs and maintenanceHow you will meet her expectations for tenant selection and ongoing tenancy managementTimeframe for conducting and reporting on routine inspections
How can Zoe, a property manager, be sure to handle all tenant issues in a non-discriminatory manner?By avoiding informal meetingsBy forbidding property modificationsBy recognizing that problematic behavior may be involuntaryBy rushing to evict all perceived violators
What does "tenant" refer to in the book?*
Describe in your own words some of the personality characteristics that would assist a property manager in meeting the demands of their work (max 400 characters).
The relationship between landlords and property managers are different to those between a sales agent and a vendor and the expectations landlords have of their property managers also differ. Explain in your own words at least three (3) unique expectations that landlords would typically have of their property managers (max 400 characters).
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